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Layoffs At NBC News, And The Painful Math Behind The Versant Spinoff
NBC News is eliminating about 7% of its staff, roughly 150 employees, due to economic pressures and the upcoming spinoff of CNBC and MSNBC into the new Versant company.
- NBC News is eliminating 150 positions due to declining TV ratings and ad revenue, affecting about 2% of its workforce in the NBC News Group.
- Employees impacted by the layoffs are encouraged to apply for 140 open positions within NBC News Group.
- Comcast is spinning off MSNBC and CNBC into a new publicly-traded company called Versant due to industry challenges.
- Future staffing reductions are anticipated at other networks, including CBS News and ABC News, as the media industry continues to face economic challenges.
40 Articles
40 Articles
NBC News is laying off 150 people — and asking some to reapply for open roles
This is The Poynter Report, your daily guide to the news about news. Subscribe to get it in your inbox every weekday. Wednesday was a bad day for journalism and […] The post NBC News is laying off 150 people — and asking some to reapply for open roles appeared first on Poynter.
NBC News launched a new round of layoffs that will affect some 150 people — equivalent to about 7% of their workforce — as part of a restructuring process prior to the separation of their MSNBC and CNBC cable chains, which will become part of the new company Versant, owned by Comcast.Read more]]>
Woke=Broke: NBC News Hit With Layoffs As Comcast Spins Off Cable Networks
by Jason Cohen at CDN - NBC News laid off around 150 employees on Wednesday ahead of its parent company, Comcast Corporation, spinning off certain cable networks, according to reports. Comcast approved a $7 billion spinoff of its NBCUniversal channels — including MSNBC, CNBC, E! and SyFy — in November as ratings plunged following the 2024 election. The layoffs represent about … Click to read the rest HERE-> Woke=Broke: NBC News Hit With Layoffs …
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